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Oil Climbs After ‘Substantial Progress’ in US-China Trade Talks

Bloomberg.com · last updated

Oil, metals and crop commodities rallied while gold fell after China and the US agreed to lower tariffs on each other’s economies after a weekend of trade talks.

Brent crude added as much as 3.7% in London while copper in London rose 1.4%. Gold futures fell as haven demand eased. Soybeans and iron ore also jumped.

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